California Public Employees Retirement System Has $252.90 Million Stock Position in Capital One Financial Corporation $COF

Key Points

• The California Public Employees Retirement System trimmed its holding in Capital One by 1% to 1,189,645 shares, a position now worth about $252.90 million (roughly 0.19% of the company).
• Capital One's latest quarter showed EPS of $3.86, missing the $4.14 consensus while revenue jumped 53.3%; the stock has a market cap of $111.8 billion and a P/E of 60.73.
• Insiders have sold roughly 67,933 shares (~$14.36 million) over the past 90 days, institutional investors own about 89.84% of the stock, and analysts hold a Moderate Buy consensus with a $274.70 target.

California Public Employees Retirement System lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,189,645 shares of the financial services provider's stock after selling 12,300 shares during the quarter. California Public Employees Retirement System owned 0.19% of Capital One Financial worth $252,895,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in COF. Cortland Associates Inc. MO acquired a new stake in Capital One Financial during the third quarter valued at $14,391,000. CIBC Asset Management Inc increased its position in Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider's stock worth $18,830,000 after purchasing an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC raised its stake in shares of Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider's stock worth $1,999,000 after purchasing an additional 7,241 shares in the last quarter. Montecito Bank & Trust purchased a new stake in shares of Capital One Financial during the 3rd quarter worth about $647,000. Finally, National Pension Service lifted its holdings in shares of Capital One Financial by 4.0% during the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider's stock valued at $330,081,000 after buying an additional 59,100 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Up 1.3%

Shares of Capital One Financial stock opened at $179.76 on Monday. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $215.61 and a two-hundred day moving average price of $220.83. The stock has a market capitalization of $111.80 billion, a P/E ratio of 60.73, a PEG ratio of 0.54 and a beta of 1.14.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts' consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same quarter in the prior year, the business posted $2.67 earnings per share. The firm's revenue for the quarter was up 53.3% compared to the same quarter last year. Equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial's dividend payout ratio (DPR) is 108.11%.

Analyst Ratings Changes

A number of research firms recently commented on COF. Evercore dropped their price objective on Capital One Financial from $290.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, January 27th. Keefe, Bruyette & Woods lifted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an "outperform" rating in a research note on Friday, January 2nd. Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Wells Fargo & Company increased their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the stock an "overweight" rating in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $237.00 to $256.00 and gave the company a "neutral" rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $274.70.

Insider Activity

In other Capital One Financial news, insider Celia Karam sold 2,108 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the sale, the insider directly owned 59,269 shares in the company, valued at $12,935,459.25. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ravi Raghu sold 13,450 shares of the firm's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the sale, the insider directly owned 30,337 shares in the company, valued at approximately $7,584,250. This represents a 30.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 67,933 shares of company stock worth $14,363,897. Insiders own 1.26% of the company's stock.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified bank holding company headquartered in McLean, Virginia. The company's core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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